Liquefied natural gas

The American president will use the constantly increasing deliveries of American natural gas as negotiation tool at a meeting in Warsaw with dozen of leaders of countries dependent on Russia for energy.

Energy giant Qatar Petroleum is to launch a new project in the world's biggest gas field, boosting its output by up to 10 percent, it said on April 3.

The state-owned firm's chief Saad Al-Kaabi said it was ending a 12-year moratorium on new projects in the North Field, off the Gulf state's northern coast.

Public Gas Corporation (DEPA) is weighing the idea of acquiring a 20 percent stake in the project of the planned liquefied natural gas (LNG) terminal off Alexandroupoli, in northern Greece, after the project received a fresh boost from the completion of the entry of GasLog (which belongs to shipowner Peter Livanos) with another 20 percent stake.

Exxon Mobil-Qatar Petroleum are talking with the Cypriot government about a 40% of the R&D rights of Block 10 inside the country’s EEZ. The colossal state energy company Qatar Petroleum (QP) is expanding especially on the LNG sector in Maroko and Cyprus.

The discovery of natural resources in Israel and Egypt has motivated big companies to look into the Eastern Mediterranean closer. The French oil exploration company Total is ready to start exploratory marine drilling off Cyprus.

Authorities are again on high alert regarding the country's uninterrupted supply of natural gas and electricity as there is a serious risk that the Revythousa LNG station will run dry in the first five days of February.

US liquefied natural gas (LNG) exporters have shifted their focus to Southern Europe from Asia as cold weather and problems with Algerian gas supply have driven Europe's gas prices higher.

Gas prices in Europe are at their highest premiums to US gas prices for three years.

Several cargoes have already made their way to Europe, and analysts expect more to come.

Japan reported on Jan 24 its first annual trade surplus since the 2011 Fukushima nuclear disaster sent the country's energy import bills soaring.

The government trade data showed imports in 2016 fell nearly 16 percent, mainly due to the falling cost of crude oil and liquefied natural gas.

Energy authorities in Greece have signaled that the country's natural gas system is expected to remain under pressure until early February.

President Recep Tayyip Erdoğan will later this month embark on a tour to three African countries - Tanzania, Mozambique and Madagascar - with a large business delegation, in a special focus on investment opportunities and potential business opportunities in seven sectors.